The global aesthetic lasers market is anticipated to grow at a significant CAGR of 11% during the forecast period. The growing importance of looking better and fit over the period, are influencing the population across the globe to opt for minimally invasive cosmetic procedures, and alsoincreasing awareness regarding the benefits associated with this cosmetic surgery is driving the market growth. For instance, in March 2020, Lumenis Ltd. launched the newest, innovative platform, the Stellar M22 it is a multi-application platform that allows for easy and quick treatment with great output and efficacy. This new platform provides a new ergonomic IPL handpiece design and longer SapphireCool™ Lightguides and it enables treatment of over 30 skin conditions and hair removal across skin type, gender, and age.

Impact of COVID-19 Pandemic on Global Aesthetic Lasers Market

The COVID-19 has disrupted many aesthetic facilities and clinics to halt their services and permanently cancel appointments as they were considered non-essential emergency procedures and were high contact in nature. Moreover, it has also created some new challenges for surgeons, hospitals, and patients due to many hospitals at that time reduced non-emergency surgeries, such as cosmetic surgeries, eye surgery, among other. Surgical aesthetic treatments like aesthetic laser treatments registered a setback and the number of procedures declined and postponed majorly in the first and second quarters of 2020 due to the emergence of COVID-19. Wherever, situation has fairly improved in third quarter.

Segmental Outlook 

The aesthetic laser is segmented based ontype, application, and end-user. Based on type, the market is sub-segmented into the ablative laser and non-ablative laser. Based on application, the market is sub-segmented into hair removal, acne and scars, tattoo removal, skin resurfacing/skin rejuvenation, and others. Furthermore, based on end-user, the market is sub-classified into hospitals, cosmetic surgery clinics, and medical spas and beauty centers. Among the type segment, the ablative laser segment is expected to be the fastest-growing over the forecast period, due to this lasers provides scalable and upgradeable hybrid systems such as carbon dioxide laser and erbium laser. Hence it can treat several multiple indications such as treatment for fine and deep wrinkles, scars, and skin lesions. Moreover, this system provides clinicians the flexibility and versatility due to various standalone systems in a single package and also provides combination therapy. Thus it  treats and provides easy treatment addressing multiple elements that are propelling the growth of the market.

Global Aesthetic Lasers Market Share by Application, 2021 (%)

The Hair Removal Segment is Estimated to Dominate the Global Aesthetic Lasers Market

The hair removal segment is expected to hold a prominent share among all the segments.Due to its usein highly popular aesthetic procedure. As this device for the hair removal are widely used and are more in demand due to dermatology procedures for unwanted hair removal. Additionally, the rising prevalence of polycystic ovarian syndrome (PCOS) is a key factor attributed to driving the segment growth. Coupled with the patients suffering from this disease is been observed that excess amount of unwanted hair growth the demand for the hair removal aesthetic lasere Is gaining traction. The increasing demand for minimally invasive hair removal treatment.  New and innovative technology-based effective hair removal devices and laser systems are introduced, owing to all these such factors are impacting  to the positive aesthetic laser market growth. For instance, in January 2020,  Lumenis Ltd.launched LightSheer Quattro platform, a new solution for diode laser hair removal. The new laser hair removal treatments are for all skin types with either 805nm or 1060nm wavelengths and can also be used for treating pigmentationand vascular lesions. This new technology is high-speed vacuum-assisted technology with ChillTipintegrated contact cooling technology, providing patients with comfortable, effective, fast, and safe treatments.

Regional Outlooks

The global aesthetic lasersmarket is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America region is estimated to hold prominate share   in the global aesthetic lasers market owing tothe presence of a large number of skilled professionals and the increased awareness among the people and the adoption of various facial surgeries in the region is driving the market growth.

Global Aesthetic Lasers Market Growth, by Region 2022-2028

The Asia Pacific Region is Fastest Growing in the Global Aesthetic Lasers Market

The region is excpected to witness the fastest growth in the market owing to the increasing medical tourism in the region. Moreover, changing lifestyles and increasing several cosmetic procedures, and the adoption of various facial aesthetic surgeries are driving market growth. Increasing awareness and rising number of minimally invasive surgical procedures are propelling market growth. Key players operating in the market are heavily doing investment in the field and developing, launching new products, and partnering to remain competitive and expand product portfolio in the market. For instance, in October 2020, Alma, a Sisram Medical Company launched the Alma Hybrid device which is designed to enable endless options of ablative, non-ablative, and thermal treatments for skin rejuvenation and scar revision.This new device is developed with three core energies including CO2 laser, 1570nm laser, and Trans Epidermal Deliveryto deliver unparalleled results. The market is also growing due to new innovative and technological developments in the market are these factors that are propelling the market growth.

Market Players Outlook

The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the global aesthetic lasers market include Alma Lasers GMBH, Bausch Health Companies Inc., Candela Corp., Cutera, Inc., Lynton Lasers Ltd., Sciton, Inc., STRATA Skin Sciences.,and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.For instance, in August 2020, Sensus Healthcare acquired Aesthetic Mobile Laser Services and Aesthetic Laser Partners, both mobile aesthetic laser companies in Florida, US. Through this acquisition, the company to add the mobile offerings to its aesthetic laser product portfolio, and it is also expected to obtain US Food and Drug Administration (FDA) 510(k) clearance, and the new laser is using Sentinel IT Solutions software, that enables asset management and HIPPAA-compliant patient data and storage capability.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global aesthetic lasersmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.